Spotify Names Christian Luiga New Finance Chief

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Spotify names Christian Luiga its new chief financial officer — the company's third CFO in five years following the exit of Paul Vogel last month.

Luiga will be Spotify’s third CFO in five years, and he takes charge of financial planning and analysis amidst changes to how theSpotify grew revenues last year by 16% to 3.67 billion euros on a 15% increase in premium subscribers. But it continues to routinely post operating losses as it struggles with the constraints of a business model dominated by high music licensing costs.

Vogel, Spotify’s most recent CFO, was promoted from head of investor relations to the role of CFO in 2020 after the departure of , vice president of financial planning and analysis, will serve as interim finance chief until then. Prior to joinging Spotify, Luiga was CFO and deputy chief executive officer of European defense and security company Saab AB, and before that, he was the CFO and acting CEO of the European telecommunications company, Telia.Ken Burns Talks Beyoncé’s ‘Cowboy Carter,’ Compares New Album to Beatles’ ‘White Album’: ‘She’s Got Guts!’Pophouse Buys Rights to KISS – Here’s What They Have Planned. We use vendors that may also process your information to help provide our services.

 

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